Precision Aerospace Corp.

Founded in 1956, Precision Aerospace Corp. is based in Grand Rapids, Michigan, specializing in precision machining services for the aerospace industry, delivering high-quality, close tolerance machined parts for both commercial and defense applications. Precision Aerospace Corp. focuses on high mix, low volume contract manufacturing for the aerospace sector.

The company was founded in 1956 in Grand Rapids, Michigan. In February 2018, Precision Aerospace was acquired by Tribus Aerospace LLC, a portfolio company of Shorehill Capital. The financial terms of this transaction were not disclosed. The company has engaged in only one deal to date.

Precision Aerospace Corp. specializes in high mix, low volume contract manufacturing, primarily focused on precision machining services tailored for the aerospace industry. The company provides close tolerance machined parts that are integral components in both commercial and defense aerospace applications. Precision Aerospace serves a diverse customer base, which includes leading aerospace manufacturers who rely on these components for aircraft and spacecraft systems.

The company operates in several geographical markets, including North America and select international regions, ensuring compliance with aerospace regulations such as AS9100 and Nadcap certifications. Precision Aerospace Corp. generates revenue through contract manufacturing agreements with its clients, focusing on the B2B sector. Transactions typically involve the production of custom machined parts, where clients place orders based on their specific needs and production schedules.

The pricing structure is based on the complexity and volume of the machined parts, allowing for flexibility to meet the diverse requirements of clients in the aerospace industry. The company emphasizes timely delivery and quality assurance, contributing to customer satisfaction and repeat business. Precision Aerospace Corp. aims to enhance its product offerings by developing new precision machined components for emerging aerospace technologies, with expected launches targeted in 2023.

The company plans to expand its operations into international markets, particularly focusing on Europe and Asia, by 2025. The acquisition by Tribus Aerospace will provide additional resources to support these strategic initiatives.